Labour intensive techniques would get chosen in a ___________.

labour surplus economy

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

capital surplus economy

No worries! We‘ve got your back. Try BYJU‘S free classes today!

developed economy

No worries! We‘ve got your back. Try BYJU‘S free classes today!

developing economy

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A labour surplus economy
An economy which has abundance of labour supply would choose labour intensive technique as labour will be available at a very cheap cost.

Suggest Corrections

Similar questions

What is the effect of technical improvement in agriculture on surplus labour?

India had a large export surplus under the colonial rule. However, the Indian economy did not benefit from this. Why?

Join BYJU'S Learning Program